Omega Healthcare Investors (NYSE:OHI) CIO Vikas Gupta Buys 11,500 Shares of Stock

Omega Healthcare Investors, Inc. (NYSE:OHI) CIO Vikas Gupta bought 11,500 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $42.97 per share, with a total value of $494,155.00. Following the completion of the acquisition, the executive directly owned 13,773 shares of the company’s stock, valued at approximately $591,825.81. The trade was a 505.94% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Omega Healthcare Investors Trading Down 1.0%

Shares of OHI opened at $42.59 on Friday. The company has a market cap of $12.56 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.85 and a beta of 0.69. The company’s fifty day simple moving average is $41.50 and its 200-day simple moving average is $39.23. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $43.54. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.96.

Omega Healthcare Investors (NYSE:OHI) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Omega Healthcare Investors had a net margin of 42.23% and a return on equity of 9.78%. The company had revenue of $260.74 million for the quarter, compared to analysts’ expectations of $262.48 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Omega Healthcare Investors has set its FY 2025 guidance at 3.080-3.100 EPS. As a group, analysts expect that Omega Healthcare Investors, Inc. will post 2.86 EPS for the current year.

Omega Healthcare Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 3rd. Omega Healthcare Investors’s dividend payout ratio is currently 149.72%.

Institutional Investors Weigh In On Omega Healthcare Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in OHI. HighTower Advisors LLC grew its position in shares of Omega Healthcare Investors by 15.3% in the third quarter. HighTower Advisors LLC now owns 59,685 shares of the real estate investment trust’s stock valued at $2,520,000 after purchasing an additional 7,913 shares during the period. Aberdeen Group plc lifted its stake in Omega Healthcare Investors by 4.2% in the 3rd quarter. Aberdeen Group plc now owns 1,215,596 shares of the real estate investment trust’s stock valued at $51,164,000 after buying an additional 49,394 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Omega Healthcare Investors by 2.8% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 399,243 shares of the real estate investment trust’s stock valued at $16,856,000 after buying an additional 11,054 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Omega Healthcare Investors by 36.0% in the 3rd quarter. Metis Global Partners LLC now owns 65,227 shares of the real estate investment trust’s stock worth $2,754,000 after buying an additional 17,279 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Omega Healthcare Investors during the 3rd quarter worth approximately $243,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OHI. Mizuho raised their price target on Omega Healthcare Investors from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Raymond James Financial reissued an “outperform” rating on shares of Omega Healthcare Investors in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Omega Healthcare Investors in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Omega Healthcare Investors from $41.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Cantor Fitzgerald started coverage on Omega Healthcare Investors in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target for the company. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.29.

About Omega Healthcare Investors

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.